Short term view - EUROSTOXX 50 : The moving average is capping prices.
The trend has been momentarily interrupted by a correction. Prices just hit the resistance, it is probably resuming. The next target is at 3,262.00 pts. The invalidation level is above 3,440.00 pts.Arguments :
- The major resistance has been shortly breached, but it is now reinstated. Prices can fall.
- The Stochastics are overbought.
- The moving average is capping prices.
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